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20120929
20120929
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Search Results 0 to 15 of about 16 (some duplicates have been removed)
the economy went down to defeat in the house of representatives. >> the legislation has failed -- >> i'm very disappointed in today's vote. >> to the democrats and republicans who oppose this plan yesterday, i say, step up to the plate. >> investors panicked, the dow dropped 777 points. the biggest single day point loss to date. >> this is what brought us to the brink of collapse. >> wow. all because annie went and got a house that he could not afford? >> $1.2 trillion in market value wiped out in one day. it's really psychological at this point. >> congress quickly reconvened and four days later on october 3rd, it passed the $700 billion troubled asset relief program. >> congress has agreed to a broad deal that authorizes the treasury secretary to start releasing money to free up the credit systems. that may have been the last time persons witnessed bipartisan compromise on something that really mattered in washington. four years later and on the eve of another election, voters are being asked, are you better off than you were then? the answer is yes because it was that bad. but how much bet
, as the presidential candidates focus on the economy, what do the mixed signals mean? we get perspective from two economists. >> woodruff: then, we go on board navy ships in the persian gulf to watch a massive military exercise aimed at securing the strait of hormuz. >> we need to be prepared to deal with mines go in the water. this exercise is focused on the mine trip and demonstrating our able to clear mines. we have to be able to do that. >> suarez: the chinese communist party ousts a once-powerful politician and prepares to unveil its new leadership. margaret warner has our update. >> woodruff: mark shields and david brooks analyze the weeks news. >> suarez: and from our "american graduate" series, we take an encore look at the story of an eighth grader who turns to journalism to tackle violence in his middle school. >> if i didn't have a-- i would probably be let up with the wrong people and doing the wrong stuff. >> woodruff: that's all ahead on tonight's newshour. >> major funding for the pbs newshour has been provided by: >> bnsf and carnegie corporation. >> and with the ongoing support o
find out the economy's slowing, and someone here says the economic patriotism will only cause this number to keep growing. and take the economy down for good. are they right? hi, everyone, i'm brenda buttner, this is bulls and bears, here are the bulls and bears, gary b smith, tobin smith. jonas max ferris. and welcome everybody. gary b, is economic patriotism exactly what the economy needs? >> well, not this version of economic patriotism. you know, i think this plan is going to do a lot more harm than good, brenda, especially to the country's bottom line. look, i went through the plan, obama's plan. i went through his tv commercial, three things jumped out that just didn't make any sense, one, he wants to-- one, he wants to cut tax breaks or companies that outsource. when companies outsource the net effect is to create more jobs that were here. people were able to buy goods cheaper because companies are able to make the goods cheaper and buy goods cheaper and spend more money in other sectors, two the other they think he wants to do, he wanted to invest in education and trai
on persuading voters they can boost the economy. but a key question at the heart of it all-- is the economy slowing, stalling, or perhaps even gaining strength in some ways? new data are sending conflicting signs. republican presidential nominee mitt romney campaigned today at a military academy in pennsylvania. romney promised better jobs for young people like the cadets sitting behind him and a better future for the entire country. >> we're in a very different road than what i think the people of the world expected from the united states of america. and if i'm elected president of this country, i will get us back on a road of growth and prosperity and strength. >> woodruff: today at a campaign event in washington, president obama shared a message of what he called "economic patriotism" tied to a strong middle class. >> but our problems can be solved, our challenges can be met. we've still got the workers in the world, the best universities, the best scientists, the best... we got the best stuff. ( laughter ) we just got to bring it together. >> woodruff: consumer confidence is higher of l
zero economy. the past ten years, zero jobs growth, zero wage growth, zero stock returns. which part of that equation is the most crippling? >> i think all of them. if you think about the middle class, where they need jobs, they need wage growth. we've seen average meaning household income actually go nowhere and importantly in their 401(k)s have become 201 ks, they need robust stock returns. if we're going to get wage growth and jobs growth clearly we have to do, as the guest said, we have to restore the manufacturing base. one good news i have in this triple zero economy, i think going forward the next decade for stock returns will be a lot better than the last decade. the reason is simple and somewhat troubling. first of all, if you think about the stock market here in america, it's physically located here but increasingly, its returns are located elsewhere. >> sorry to interrupt you. the very thing that's been a trend many would say hurtful for american workers is the thing that can help american investors because these are companies that don't necessarily need american workers.
views on the global economy and perhaps you could start with europe and make your way around the world and perspective on what you see in terms of growth and perhaps more importantly you know, what are the challenges that we are going to have to deal with over the next period of time? >> there's not enough time for all the challenges but let me give you some perspective. let me get to -- let me give away the punchline. the punchline is i think in a world races, the world is not going to come to coming to an end. we are going to muddle through but there are a lot of challenges and a lot of risks that i think the largest outcome come the largest for signage likely outcome by far is that we get through it and a lot of action were to be taken to offer some relief but there are several things that could cause things to derail in which case it would be a lot tougher for a lot longer. but you asked about europe. i think the biggest problem that europe has is growth and the risk problem is the go off the rail, bus stop of the euro. a few months ago we would have said that the two big issues fo
everybody. gary b, is economic patriotism exactly what the economy needs? >> well, not this version of economic patriotism. you know, i think this plan is going to do a lot more harm than good, brenda, especially to the country's bottom line. look, i went through the plan, obama's plan. i went through his tv commercial, three things jumped out that just didn't make any sense, one, he wants to-- one, he wants to cut tax breaks or companies that outsource. when companies outsource the net effect is to create more jobs that were here. people were able to buy goods cheaper because companies are able to make the goods cheaper and buy goods cheaper and spend more money in other sectors, two the other they think he wants to do, he wanted to invest in education and training programs. that's all well and good, brenda and we know that's going to cost millions and millions of dollars, but that's not how the economy works. >> gary b, it's spending more, what does that do to the debt? >> well, brenda, he tries to get up, up, up. when i went to work for ibm 30-odd years ago, the government didn't
has been participating, provided a substitute economy and afghanistan to start up allow me to develop so far. is that the incentive? is there some economic incentive that brings them into this process? is it that that's going to solve the problem is it's not constitutional matters in human rights and everything clicks >> we need to start reducing the amount of money these then on afghanistan. >> howell to be sustainable within itself? >> the economic process is one where we have to keep helping the afghans fun the development for 10 years beyond what they get on with developing the mineral resources. at the same time, trying to execute a political process to reduce the pressure in the security forces and wouldn't have to be so proficient if there is a political process. you have to work on all these things at once. i've always said we must make our strategy dependent on the political deal with the taliban because that gives them a veto. you have to be a policy that says, here's the strategy that is not dependent on the taliban. the taliban to stop inciting and get an engaged the proce
. thousands of jobs. use the most advanced technology to protect our water. billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ ♪ captioned by the national captioning institute --www.ncicap.org-- >> the nationwide manhunt the suspect in a murder case hobart's of miles away, that stretched from upstate new york to northern virginia, is in custody. u.s. marshals say the man that the authorities were looking for in the killing of a school superintendent is off the streets. the murder happened last friday in buffalo, new york. anthony taglianetti was tracked down in shenandoah county, virginia. richard reeve is covering this story, and he is live in strasbourg virginia. >> we are at the very edge of the george washington national forest. this is where it is believed the suspect was trying to make his escape. it was here, and remote fort valley road area, near strasburg, where u.s. marshals captured anthony taglianetti during a traffic stoppe. >> that would not surprise me. >> as rece
apparatus, political dimension is making us forget the economy factors. there would be no democracy in the region if we don't have economic stability. to open up countries or open the market is something we know in africa. happened before. to deal with the arab world as we are very happy these people are for justice and we don't care which kind of political and economic policy for new positioning we get in the global economy which is very naive and we have to be cautious with this. we were dealing with this, something which is not as easy as this. it is if i have to talk about an intellectual revolution that is changing and we have to cope with this and hope the new generation are going to start from there. this is the beginning of the book and also saying hosni mubarak didn't know what was happening that -- many people were arrested because they were in the west and they were arrested. they knew something was happening. the american ambassador sent a note to the american government saying there are young people who want to get to the hosni mubarak regime before september of 2011 so
and responsible budget. >> the package includes public spending cuts of 10 billion euros. france's economy is in a precarious position. second quarter gdp was stagnant, and unemployment has just talked 3 million -- topped 3 million. the government is aiming to make good on election promises while making sure austerity does not hit france into recession -- tip france into recession. >> spanish banks will need 59 billion euros to get back on their feet according to a new report commissioned by the spanish government. >> that will help take pressure off the prime minister, who is seeking to avoid a bailout. spain says they will ask for around 40 billion euros of the total sum, while the rest may be able to be raised by the banks themselves. the european commission welcomed the results. >> let's take a look at markets. european shares were on a bit of a roller coaster ride this friday. after moving higher in early trading, that ultimately finished the week on a down note. our correspondent sent us this summary from frankfurt. >> spain remains in the focus of international investors, also here
all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work. everyday you see all of us serving you, around the country, around the corner. us bank. >>> let's send it down to jimmy roberts. >> thanks very much, here with davis love. a good night for the american team. what did you tell your team last night? >> didn't tell them much. great job and let's go do it again tomorrow. they're getting more and more sold on this concept that we're just going to keep letting guys take turns and play and go out and get them. they're relaxed. phil, tiger, jim, steve, all the veteran guys have been great leaders and they're doing great. they're having fun and you know, we just didn't get off to a good start yesterday in the morning, but in the afternoon we did. >> let's talk about tiger for a moment. for the first time in his ryder cup career, he's sitting. i told them, somebody's got to be the first guy to sit you down. we're all tired. i have a feel iing we need to a be rested. i said i honestly think you played
Search Results 0 to 15 of about 16 (some duplicates have been removed)